The mkt is a long mkt only, but currently overbought, We probably moving higher in the later part.....for now we try anticipating a correction. And the rampant machines(black box trading) are way too powerful there fore the mkts has no technical reasons or fundamental reason to crash before the end of this qtr!!!
Witches of the Dow, with their magical sweeping brooms, sweeps the the Dow, tested the 10730, broke through testing 10760 before closing at 10733........this is what we expected.......but 7 days in a row, the Dow is green, isit still a green mean machine, posting 40plus pts gains in the pass 3-4days.......daily chart shows a breakout!!
the Durids of the S&Ps are pushing its way up we had a target of 1170-1180, its there, is it too ready??
Merlins of the STI did well, 2930 is insight, will we get there or will Merlin lose his power in the sight of the Banshees of the double top(nah probably only a higher low).....I can hear them Howling!!!!!
oh i forgot Wizards of HSI, have they cast a magic wand after 3 days of losses and then weave their magic taking back all loss yesterday? or is it a Dead Wizard bounce........chart using fibonacci numbers....
HSI(Hrly)
Dow Daily
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